Market Overview

Buyers Accumulating Shares of Direxion Daily Semiconductors Bull 3x on 1.2x Above-Average Volume (SOXL)

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(via COMTEX News Network)--

Shares of Direxion Daily Semiconductors Bull 3x (NYSE: SOXL) are trading up 10.7% to $57.90 today on above average volume. Approximately 644,000 shares have traded hands today vs. average 30-day volume of 544,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of SOXL to see if this bullish momentum will continue.

Direxion Daily Semiconductors Bull 3x Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results, before fees and expenses, of 300% of the price performance of the Philadelphia Semiconductors Index.

In the last five trading sessions, the 50-day MA has fallen 1.41% while the 200-day MA has risen 0.81%.

In the past 52 weeks, shares of Direxion Daily Semiconductors Bull 3x have traded between a low of $21.28 and a high of $75.36 and are now at $57.84, which is 172% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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